Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01995 ES SERVICES
RTNominal up1.770 +0.020 (+1.143%)
Research Report

08/11/2019 13:54

{I-bank focus}Nomura starts Eversunshine (01995) at HK$6.5

[ET Net News Agency, 8 November 2019] Nomura initiated coverage on Eversunshine
Lifestyle Services (ESS)(01995) with a "buy" rating and a target price of HK$6.5.
The research house said investors tend to look at ESS as if it were a small PM (Property
Manager) related to CIFI (00884). However, Nomura thinks the similarity of its business
model to that of Greentown Services (GTS)(02869), which is the representative of
high-quality PMs, and ESS is thus undervalued.
Nomura appreciates its growth driven by third-party contracts tendering (64% of AuM
[area under management] in FY2018 versus GTS 80%) and VAS2C (value-added service to
customers/residents)(18% of revenue vs GTS 20%), as it highlights ESS's professional
management without heavy support from its parent company. (KL)

Remark: Real time quote last updated: 20/09/2024 10:52
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.